Leading Spanish fund manager bets against Spanish companies (International Herald Tribune)
Francisco Paramés at Bestinver Asset Management predicts that a real estate crash in Spain will spread.
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Archive for June, 2007
Realia Raises EU783 Million in Offering, Missing Goal (Update1) (Bloomberg.com)
June 5 (Bloomberg) — Realia Business SA, the first Spanish real-estate developer to sell shares to the public this year, raised 783 million euros ($1.1 billion) in an offering that fell short of the company’s target because of a slowing property market.
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Middle East Business Information (Zawya)
Loading … The Pearl-Qatar The Pearl-Qatar , the multi-billion dollar offshore island and one of the largest real estate developments in the country is set to be the most technologically advanced real estate project in the world, company officials said today.
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Fabregas almost certain to leave Arsenal if Wenger does after Dein departure (Slam! Sports)
MADRID, Spain (AP) - Spain midfielder Cesc Fabregas is likely to leave Arsenal if manager Arsene Wenger departs. “If Wenger goes, I’m 90 per cent sure I will leave,” Fabregas told Tuesday’s edition of Marca. “I identify the team with him, and without Wenger, Arsenal wouldn’t be the same.”
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FOCUS Spain’s IBEX-35 index outperformance, record highs seen sustainable (Sharewatch)
MADRID (Thomson Financial) - Over the last year Spain’s blue-chip IBEX-35 index has outstripped almost all other major European bourses, but even after such a stellar performance, most market watchers still predict a soft landing rather than a sudden, sharp correction in the near term, dealers and analysts said.
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Segro to sell its U.S. unit to Health Care Property Investors (EARTHtimes.org)
British real estate company Segro Plc is selling its U.S. unit Slough Estates USA to U.S. real estate investment trust Health Care Property Investors Inc. for $2.9 billion. Slough Estates USA is engaged in real estate business involving the life sciences industry.
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Of bull markets, crystal balls and T-bonds (Tacoma News Tribune)
It’s not where you start; it’s where you finish.”
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London close: Footsie narrows losses (ShareCast)
LONDON (SHARECAST) - Weakness in the real estate sector left London nursing losses, but the deficit could’ve been worse had it not been for recovering oil issues and M&A speculation.
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Segro sells US unit for $2.9bn (Financial Times)
Segro, formerly known as Slough Estates, on Monday completed the sale of its US business to concentrate on growth in the UK and Europe.
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City life suits Realia best in aftermath of property crash (Financial Times)
This is a terrible time to be listing a property group in Spain. Realia, jointly owned by Caja Madrid, a savings bank, and FCC, a construction and services group, hopes to confound sceptics by raising more than €1bn ($1.34bn) in an initial public offering on Wednesday.
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